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20130121
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the financial industry afloat was part of rescuing the overall economy. >> the president does not believe anything we do in washington is worthwhile if it doesn't have as part of the purpose strengthening our economy. providing more security for our middle class. >> the aides said it would have been worse without the president's program including legislation aimed to prevent future bail-out of institutions deemed too big to fail. not all agree how effective it will be. >> peter moresi believes the big investment houses are thriving but the average investor is not. >> if they buy a mutual fund they have a high probability of not keeping up with the market. if they buy the s&p index which is the market, it doesn't make progress. >> the white house says it's not fault of the recovery plan. the stimulus bill contain more tax cuts and less spending than the president's advisors wanted. jay carney says the compromise was the best they could get. >> the idea that we would have somehow garnered more support in congress for something different, is a misreading of history. >> most people agree unce
the economy and barack obama came on and was in a joef yell mood. >> for all of the talk we had during the campaign ofment o prt obama's ability to raise money it would be a million dollar campaign and the talk mitt romney had more corporate donors it would be a wash in cash. the president had no trouble raising enough money to get himself re-elected it is thanks in part to an incredible network he has built over the years. talk about the importance of money in this election, charles. >> he has never backed for money. in 2008 he was the first to go without the federal matching money so he could raise unlimited amounts he did and he crushed mccain in terms of the fundraising. he is commuting with the 53 percent his way of reaching to try to bring us all together after a campaign where he ran into 47 percent. it is a night where they are just having a good time. i wouldn't take any of it too seriously. it is a minor bit. you have to give him a pass on inauguration. he's having a good time and this is the money essentially to fund all of the festivities he which he won fair and square. >>
read between the lines they tell you something about the overall economy. chief washington correspondent james rosen interprets for us. >> the national association of realers reports that -- realtors reports while existing home sales dipped in december, such sales are up by december 2011 by 19.8%, with total sales in 2019 reaching the highest point in five years. among the reasons why, experts cited an improving jobs market. >> the driving factor,be of course, have to include the historically low mortgage rates. for those people who can qualify. the other factor is the household formation. many of the young adults who used to live with their parents are seeking out their own housing unit. >> a recent survey by the national association of home builders and wells fargo finds home builders' confidence sagging. staying flat in january and below the 50% mark after eight consecutive growth of months. there, too, there is cause for optimism. the commerce department reported last week that housing starts surged in december. up 19.1% from the month before and setting the fastest pac
greece trying to revive an economy on life support. >> new year for spain. but is there is little for the lively european country to celebrate. unemployment is over 26%, the worst since the '70s. joblessness among young people is over 55%. spaniards, under 25, have little hope. >> it's 2012 was a bad year, you can imagine the prospects that spaniards have. nothing. at the end, we all have to leave, just like our parents did to immigrate. >> strange recession worsened too. economic growth down last year. budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young and old in athens. unemployment in greece is higher than spain. and pensions are slinking. >> we are
in state that would be effected, this would be good for jobs and good for the economy. yet, you have a president who is still behold on the the energy or environmental lobby who shelved two priest approvals from the state department to block this. i don't think he does it. >> he is under renewed and tremendous pressure to continue to oppose this and reject it outright. but he also does with the ambitious plan want some form of energy reform. he is not any kind of cap and trade. energy reform in 2013 or 2015 with the republicans. he knows this is the only way to get it moving to change on this issue. >> he is ride something high politically. we saw at it the inaugural address i find it hard to imagine he will cave to his extreme left on this. knowing what benefit it would bring. now the fig leaf governor that switched and is proposing it is now gone, i expect he will do it. >> bret: huge turn-out on the mall for march for life. prominent speakers out there. >> you are the voice of the voiceless. you are those who stand for love. and a world of death. i have a question for those who do
% of the economy. now he is talking about energy. the second thing. if you took an outsider and said what is the main issue of our time? it's the crisis of the entitlement state. it's insolvent. it's advanced in europe where they are out of money and we are going to get there in a couple of years. there is nothing in the speech about that. not even recognition there is a crisis. tall programs of the 20th century were enacted with the life expectancy is 62. medical technology is eventually non-existent. he said i'll take that, defend that and expanding the entitlement by adding obamacare he said i'll do energy that he spoke about a month after the first inauguration. with climate change and continue on the road in green energy stuff. he wants to create what he thinks he can in washington, new industry, string of solyndras until the end of time. expanding entitlement state in crisis. there is no change from who he was in 2009. he never has to be re-elected so he can be utterly unbound and say exactly what he wants to do. but ide logically i found remarkable speech. >> bret: what did you lik
the negotiating strategy. leverage three months from now. at the expense of jobs in the economy. >> it's a gimmick unworthy of the fiscal and economic challenges that we face. this proposal does not have certainty. it does not have growth. and it does not have my support. >> 33 house conservatives broke ranks with g.o.p. leaders and voted against the bill as insufficiently conservative. 86 house democrats voted for it. after the administration cast republicans as retreating. indicated more than once it would not object to the measure. >> the house republicans made a decision to back away from the kind of bringsmanship that was concerning to the markets, concerning to business. very concerning to the american people. >> house republicans have passed budgets during the obama era, the democrat controlled senate has not. but even before the no budget, no pay bill was passed in the house, democrats in the senate agreed to vote on it, too. >> we will proceed to work on the legislation to get it out of here as quickly as we can. >> democrats really think they won the round because the debt ceiling will g
Search Results 0 to 10 of about 11 (some duplicates have been removed)